Bitkoin Africa Blog

How to Buy and Sell Bitcoin Cash in Nigeria

This is a tutorial on how to buy and sell Bitcoin Cash in Nigeria. You can pay for Bitcoin cash directly with your naira card or bank account and sell Bitcoin Cash to receive Naira. Follow the tutorial to get this step-by-step process. What is Bitcoin Cash? Bitcoin Cash is a cryptocurrency which was created after a couple of disagreements on the scalability of Bitcoin. A group of developers working on Bitcoin were not content with Bitcoin’s Segregated witness feature(a…

Google Working on Blockchain-related Tech for its Cloud Business

Seems everyone is adopting blockchain technology these days. From finance companies to governments, we’re seeing large organisations use the blockchain in different domains. Bloomberg reports that Google is working to use blockchain technology in its cloud business efforts. Google is one of the major users of its cloud services(to store data across its products) but other companies use it as well. Bloomberg cites people familiar with the project as saying third parties can use Google’s tools to post and verify…

US City Bans Cryptocurrency Mining

Plattsburgh in New York is the first city to ban cryptocurrency mining. The ban when in effect, will last for the next 18 months. The city’s council unanimously voted to impose the ban while it considers regulations for cryptocurrency miners. The mayor of Plattsburgh said that his city has the cheapest electricity rates in the world. This has led to many cryptocurrency mining companies setting up shop to mine digital currencies. Crypto mining typically requires a large amount of power…

How to Buy and Sell Litecoin in Nigeria

In this tutorial, we will be teaching how to buy and sell Litecoin in Nigeria. You can pay for Litecoin directly in Naira and if you have Litecoin, you can sell it and receive Naira. It’s a straightforward and simple process. All you have to do is follow the tutorial step-by-step. What is Litecoin? Litecoin(denoted by LTC) is a peer-to-peer cryptocurrency and open-source software. The cryptocurrency is built on Blockchain technology which was made popular by Bitcoin. Litecoin was invented…

‘Cryptocurrency’ Has Been Added to the Merriam-Webster Dictionary

Still think cryptocurrencies aren’t real? Well, they’re about to get more legitimate with validation from the Merriam-Webster dictionary. The company announced it added about 850 new words this month and explains why new words need to be added to its English dictionary as they’re created or discovered. According to the official blog post, A word used to identify other words is a new tool for linguists, and a demonym names a person who comes from a specific place, like Hoosier or Parisian This addition will…

How to Buy Ethereum in Nigeria with Naira Card or Bank Account

In this tutorial, we will be sharing how to buy ethereum in Nigeria using your Naira debit or card or your bank account. It’s a very simple process that requires you to pay a little attention to the steps. What is Ethereum? Ethereum is a public software platform built on blockchain technology and enables developers to build applications on top of it. Just like Bitcoin, Ethereum has a cryptocurrency denoted by ETH and sometimes called Ether, that serves as a…

Bill Gates Says Cryptocurrencies Have Directly Caused Deaths

Former CEO and founder of Microsoft Bill Gates is concerned about the cryptocurrency craze and has linked cryptocurrencies to directly causing deaths. In a Reddit AMA, the Billionaire argued against cryptos saying government’s ability to trace money in money laundering, tax evasion and the funding of terrorism is a good thing. “Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way.” He, however, also…

You Can Now Trade Bitcoin Cash, Ethereum and Litecoin in Nigeria on Bitkoin Africa

When we launched Bitkoin Africa in October 2017, we set out to solve a few problems that plagued cryptocurrency trading in Nigeria. We looked at the market and discovered that access to fast, easy and secure cryptocurrency trades in Nigeria was near impossible. As such, we decided to build bitkoin.africa, a platform where users in Nigeria can buy cryptocurrency from other users with their Naira cards and Nigerian bank accounts, and also sell cryptocurrency to other users hassle-free. Thereby making buying and…

Get Rich or Die Trying: 50 Cent Tells Bankruptcy Court He Doesn’t Own Any Bitcoin

50 Cent has told a US Bankruptcy court that he, in fact, doesn’t own $8 million in Bitcoin as previously reported and as he accepted. 50 says he only went with the report from TMZ because the story felt good for his brand. The rapper said “so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting.” 50 Cent needs to prove to the…

Crypto Roundup: Top Cryptocurrency News From This Week

Here are the top cryptocurrency stories this week between February 18th and February 24th 2018. Elon Musk Owns Some Bitcoin Elon Musk revealed in a tweet that he only owns a fraction of BTC. He only owns 0.25 Bitcoin which a friend sent to him a few years ago. It’s quite surprising, seeing that the billionaire is above the curve of other technology. Bitcoin Transaction Fees are Low Again In December, Bitcoin transaction fees saw a ridiculous spike – making…